A lien in favor of an issuer upon a certificated security is valid against a purchaser only if the right of the issuer to the lien is noted conspicuously on the security certificate.
Ark. Code Ann. § 4-8-209
Issuer's lien
Known as the Uniform Commercial Code
The act spans §§ 4–4 (597 sections).
Acts 1995, No. 425, § 1.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.